Since Hamas attack on Israel October 7th, Iran-backed Houthi rebels 鈥?which control large portions of northern Yemen 鈥攈ave attacked numerous commercial ships making their way to the Suez Canal in Egypt.The tensions have prompted major shipping companies to reroute their ships through the Cape of Good Hope at the southern tip of Africa <a href=https://www.stanley-cups.co.uk>stanley cups</a> .It s a much longer route that s costing companies millions just as consumers spend big for the holidays.SEE MORE: US and Britain say their navies shot down 15 drones over the Red SeaThe Houthi threat comes after Defense Secretary Lloyd Austin announced a multi-national coalition that will work to protect shipping in the Red Sea.The State Department is considering re-classifying the Houthis as a terrorist organization.That s a designation the department removed from the group in Fe <a href=https://www.stanley-cups.co.uk>stanley uk</a> bruary 2021, just a month after the outgoing Trump administration slapped the label on them.The World Economic Forum notes 12% of global trade passes through the Suez Canal.And that was before drought prompted officials at a water-starved Panama Canal to reduce the number of ships moving through the Central American passage.Many shipping lines moving goods from Asia to the U.S. East Coast started sending ships through the Suez instead.Trending stories at Scrippsnews10 Palestinian American families say 1,000 relatives have died in GazaShe escaped Hamas on Oct. 7. <a href=https://www.cup-stanley.ca>stanley cup</a> Now she s fighting to rescue her dadFather of hostage held by Hamas says it s urgent they all be freed Fnbl Federal Reserve s report sparks America Forward team s investigation
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